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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Killian who wrote (5194)	1/21/2000 2:36:00 AM
From: Tigress	Read Replies (1) \| Respond to of 9427

Hi shekinah, Please permit me to explain ML Holdrs. Mr. BSL will probably want to elaborate on the fuel cell quintet (which IMO, is a great idea!). ML = Merrill Lynch Holdrs = Holding Co. Depositary Receipts (Note spelling is Holdrs, not Holders) Basically, ML has created a "new quasi-form of mutual fund consisting of 20 stocks in each Holdr. Holdrs are an unmanaged portfolio of stocks that trade like a single stock on the AMEX and are traded by all brokerage firms. Fund-like diversification , no manager, and they sell in round lots of 100 shares min. Portfolio never changes unless a company gets taken over (at which time the stk is supposed to be removed from the portfolio & never replaced)". It apppears merger consolidations will be ironed out as situations arise. I was told by ML that the price of the Holdr moves both on the underlying stock movements plus the momentum of the supply & demand of each individual Holdr. So price is enhanced on both the upside and downside. Existing Holdrs: 1. HHH = Internet Holdrs - Yr Hi $192 (Questions: Will ML boot AOL if re-rated as a media stk?, and How will the Earthlink-Mindspring merger affect the HHH?) 2. BBH = Biotech Holdrs - Yr Hi $175 so far (orig'l issue 11/99, thus 75% return in 2 mos) BTW, here's the SI BBH link: Subject 31918 New Holdrs are usually priced (+/- $100-104 x 100 sh min = $10,000 -10,400 min investment). The 2 new Holdrs below will probably begin trading on Tuesday 1/25/00 (others will be issued as ML deems necessary): 1. TTH = Telecommunications 2. PPH = Pharmaceuticals "As with any new investment idea, it should be approached with caution. If the guys who create this stuff are still learning how it works - and the AmericaOnTime deal shows they are - you might want to observe what happens next before you commit to the "next big thing". Hope this helps. Tig P.S. Quotes are as per the 1/20/00 edition of the Palm Beach Post. P.P.S. Wow, a grub too!